“Are you blaming the drug companies? The FDA regulations have inflated the costs to market for new drugs from 600 to 900 million dollars each! How many “red and blue” pills (he did mention drugs) do you think it takes to recoup the cost of investment?
Many drugs are never certified because of the FDA (many are life saving and orphaned) and the costs need to be recovered. I have posted a study many time here that proposes a combination of tort reform and privatization (UL is an example) to bring the cost of this process to under 10 million. The government is to blame again, not the “greedy” drug companies.”
Correct. And I am old enough to remember that the cost of health care has skyrocketed since the government got involved with Medicare/Medicaid. My dear departed mother-in-law spent the last few months of her life trying to correct all the Medicare overbilling for things she did not receive which showed up on her medical bills, all to no avail.